Nov 18, 2025
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Bitcoin Price Drops Below $90,000 Amid Bearish Market Signals
The recent price movements of Bitcoin show a significant downturn, with the price falling below $90,000 after initially struggling to recover from a drop under $100,000. This volatility has created uncertainty in the crypto market.
Key Technical Insights
- A death cross has formed on the daily chart as the 50-day moving average approaches the 200-day moving average, typically signaling bearish trends.
- Despite this, analyst Tony "The Bull" Severino suggests potential for a bullish reversal, as Bitcoin could rise to $110,000 given favorable conditions.
- Support was recently found just below $92,000, indicating possible stabilization and early signs of a reversal.
Potential Path to Recovery
- For Bitcoin to reach $110,000, a strong relief rally is necessary, potentially triggered by overly pessimistic market sentiment and short positions.
- Bitcoin must convincingly rise above $90,000 to signal a shift in momentum away from the current sell-off.
Market Sentiment and Indicators
- Some analysts point to bullish factors, such as rising stablecoin buying power relative to Bitcoin's market cap (Bitcoin SSR RSI).
- Conversely, the SuperTrend indicator suggests a potential further drop of 67%, indicating continued bearish risks.
At present, Bitcoin trades at $89,760, reflecting a 5.8% decrease over the past 24 hours.
